2023 Q2 Form 10-K Financial Statement

#000156470823000368 Filed on August 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023
Revenue $2.433B $9.879B
YoY Change -9.01% -4.87%
Cost Of Revenue $1.271B $5.124B
YoY Change -6.2% 0.95%
Gross Profit $1.162B $4.755B
YoY Change -11.9% -10.44%
Gross Profit Margin 47.76% 48.13%
Selling, General & Admin $821.0M $3.335B
YoY Change -18.23% -7.15%
% of Gross Profit 70.65% 70.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $178.0M $714.0M
YoY Change -2.73% 30.29%
% of Gross Profit 15.32% 15.02%
Operating Expenses $988.0M $4.048B
YoY Change -19.28% 12.69%
Operating Profit $174.0M $707.0M
YoY Change 83.16% -58.82%
Interest Expense -$106.0M -$227.0M
YoY Change 20.45% 129.29%
% of Operating Profit -60.92% -32.11%
Other Income/Expense, Net $1.000M
YoY Change -98.08%
Pretax Income -$17.00M $330.0M
YoY Change -15.0% -59.36%
Income Tax $15.00M $143.0M
% Of Pretax Income 43.33%
Net Earnings -$8.000M $149.0M
YoY Change -107.27% -76.08%
Net Earnings / Revenue -0.33% 1.51%
Basic Earnings Per Share $0.26
Diluted Earnings Per Share -$0.01 $0.26
COMMON SHARES
Basic Shares Outstanding 576.4M shares
Diluted Shares Outstanding 578.8M shares

Balance Sheet

Concept 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.833B $1.833B
YoY Change 0.6% 0.6%
Cash & Equivalents $1.833B $1.833B
Short-Term Investments
Other Short-Term Assets $484.0M $484.0M
YoY Change 5.68% 5.68%
Inventory $311.0M $311.0M
Prepaid Expenses
Receivables $1.425B $1.425B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.053B $4.053B
YoY Change -0.98% -0.98%
LONG-TERM ASSETS
Property, Plant & Equipment $3.078B $3.078B
YoY Change 46.36% 2.81%
Goodwill $5.140B
YoY Change -0.56%
Intangibles $2.489B
YoY Change -6.81%
Long-Term Investments $427.0M $427.0M
YoY Change 54.71% -12.5%
Other Assets $1.734B $1.734B
YoY Change 25.29% -3.99%
Total Long-Term Assets $12.87B $12.87B
YoY Change -1.98% -1.98%
TOTAL ASSETS
Total Short-Term Assets $4.053B $4.053B
Total Long-Term Assets $12.87B $12.87B
Total Assets $16.92B $16.92B
YoY Change -1.74% -1.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $440.0M $440.0M
YoY Change 7.06% 7.06%
Accrued Expenses $1.123B $1.123B
YoY Change -9.14% -18.33%
Deferred Revenue $622.0M
YoY Change 2.98%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $347.0M $347.0M
YoY Change 18.43% 18.43%
Total Short-Term Liabilities $3.485B $3.485B
YoY Change -0.97% -0.97%
LONG-TERM LIABILITIES
Long-Term Debt $2.620B $2.620B
YoY Change -5.62% -5.62%
Other Long-Term Liabilities $1.708B $1.708B
YoY Change 253.62% 31.38%
Total Long-Term Liabilities $4.328B $4.328B
YoY Change 32.8% 6.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.485B $3.485B
Total Long-Term Liabilities $4.328B $4.328B
Total Liabilities $8.857B $8.857B
YoY Change 30.67% -1.58%
SHAREHOLDERS EQUITY
Retained Earnings -$2.144B
YoY Change -6.5%
Common Stock $11.45B
YoY Change -2.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.064B $8.064B
YoY Change
Total Liabilities & Shareholders Equity $16.92B $16.92B
YoY Change -1.74% -1.74%

Cashflow Statement

Concept 2023 Q2 2023
OPERATING ACTIVITIES
Net Income -$8.000M $149.0M
YoY Change -107.27% -76.08%
Depreciation, Depletion And Amortization $178.0M $714.0M
YoY Change -2.73% 30.29%
Cash From Operating Activities $422.0M $1.092B
YoY Change 30.25% -19.35%
INVESTING ACTIVITIES
Capital Expenditures $149.0M $499.0M
YoY Change -181.87% 0.0%
Acquisitions $17.00M
YoY Change -98.87%
Other Investing Activities $15.00M -$75.00M
YoY Change -104.41% 127.27%
Cash From Investing Activities -$134.0M -$574.0M
YoY Change -74.33% -72.35%
FINANCING ACTIVITIES
Cash Dividend Paid $174.0M
YoY Change -0.57%
Common Stock Issuance & Retirement, Net -$47.00M -$243.0M
YoY Change -235.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -119.0M -501.0M
YoY Change -151.74% -224.01%
NET CHANGE
Cash From Operating Activities 422.0M 1.092B
Cash From Investing Activities -134.0M -574.0M
Cash From Financing Activities -119.0M -501.0M
Net Change In Cash 169.0M 17.00M
YoY Change 428.13% -105.35%
FREE CASH FLOW
Cash From Operating Activities $422.0M $1.092B
Capital Expenditures $149.0M $499.0M
Free Cash Flow $273.0M $593.0M
YoY Change -46.05% -30.64%

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